New Botched Order
Hits Tokyo Market

TOKYO -- Tachibana Securities Co. said it placed a botched order to sell shares of Internet-advertising firm Adways Co. at far below the issue's premarket price.

The unlisted midsize Tokyo brokerage firm placed an order to sell 2,600 shares of Adways, which yesterday made its debut on the Tokyo Stock Exchange's Mothers market, at 1,670 yen ($14.47) apiece, far below the issue's premarket price of 1.4 million yen. The shares were sold...